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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Berk who wrote (20348)7/3/2010 9:35:30 AM
From: Wade  Read Replies (1) | Respond to of 48092
 
Agreed. It loots like due for a rebound based on the counts. However, the big shorts are looking forward to ruin it. This is a samll market and easy to manipulate.

The a safer play would be "cash and gold (metal), gold and cash", said Richard Russell. I still believe owning physical gold is the best play.... but we are going to see many great bargains start from here if miners are hit hard.



To: Berk who wrote (20348)7/3/2010 6:45:06 PM
From: gold$10k  Read Replies (1) | Respond to of 48092
 
Only when the EW is simple and obvious to me. Have we seen the completion of 5 waves up in gold since October 2008? Have I made a mistake or does a move below $1166.50 say yes?

stockcharts.com

stockcharts.com

I haven't studied it much and prefer to stick with support, resistance, trendlines, and MACD.